Canadian Photo voltaic revealed in its Q1 2026 financial results that it’ll improve its photo voltaic cell and panel manufacturing output in the USA. The corporate operates a 5-GW photo voltaic panel meeting facility in Mesquite, Texas, and is beginning up an identical photo voltaic cell manufacturing unit in Jeffersonville, Indiana.
Canadian Photo voltaic expects to broaden the Texas panel manufacturing unit to a 10-GW annual manufacturing capability by the second half of this yr.
After efficiently trialing heterojunction know-how (HJT) cell manufacturing in Indiana final month, Canadian Photo voltaic expects to achieve 2.1 GW of annual manufacturing this yr. Section II of the cell manufacturing unit will deliver a further 4.2 GW of capability on-line subsequent yr to finally attain 6.3 GW of annual cell manufacturing in the USA.
Canadian Photo voltaic expects to produce 6.5 to 7 GW of photo voltaic panels (from home and world manufacturing websites) to the U.S. market in 2026.
Lengthy-time Canadian Photo voltaic government Shawn Qu has transitioned the CEO position to Colin Parkin, who beforehand served as Canadian Photo voltaic’s president.
“The primary half of the yr displays prevailing market challenges, with photo voltaic margins remaining beneath stress. In our power storage enterprise, margins are normalizing, and we stay partially uncovered to fluctuations in lithium carbonate pricing. These components, mixed with a broader backdrop of coverage uncertainty and geopolitical volatility, proceed to affect each prospects’ long-term planning and our personal operational execution,” Parkin mentioned. “We anticipate stronger storage volumes and the advantages from the ramp-up of our U.S. home photo voltaic cell manufacturing to be weighted towards the second half, whereas our undertaking growth enterprise continues to execute on its rebalancing technique.”
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